Sun Micro Agrees To Buy SavaJe

Sun Microsystems Inc. (Nasdaq: SUNW) has agreed to acquire the IP assets of SavaJe Technologies Inc., a Chelmsford, Mass.-based provider of mobile telephony software. No financial terms were disclosed. SavaJe has raised over $120 million in total VC funding since 1999, including a $13 million Series AA recap round last summer. Participants on the recap included RRE Ventures, Ridgewood Capital and Vodafone.